Investing

Blackstone and Prologis to Acquire $960 Million Warehouse Portfolio

A unit of Blackstone Group LP, a popular real estate firm and Prologis, a real estate Investment Trust has agreed to purchase a 17 million square feet warehouse portfolio worth $960 million, according to several media reports.

Bill Ackman led Investor Group Buying Manhattan Duplex Penthouse for $90 Million

A group of investors being led by Hedge Fund manager, Bill Ackman is under contract to buy a plush duplex penthouse in Manhattan’s One57, a 90 story building, still under construction, for around $90 million.

Empire State Building IPO Plan on the Verge of Shareholder Approval

The controversial move of taking the historic Empire State Building public is almost on the verge of gaining majority approval from shareholders, as 79.6 percent of unit-holders have voted for the plan.